This article first appeared in the PR October 2009
issue of Pro Remodeler.
Population: 2,207,462 (14.5 percent increase since 2000)
Home prices
• Down 15.2 percent from 2008
• Down 20.4 percent from July 2007 local peak
• Up 15.8 percent over last 5 years
• Up 48.4 percent over last decade
Homeownership rate: 64.2 percent (No. 51 among major metros)
Median household income: $53,935
Local unemployment rate: 11.5 percent (up from 5.7 percent in 2008)
Sources: S&P/Case Shiller Home Price Index, U.S. Bureau of Labor Statistics, U.S. Census Bureau
RELATED LINKS
The Oregonian: Two years from the peak, housing prices down 17 percent
Neil Kelly Co., 2008 Remodeler of the Year
Portland Not Immune to Remodeling Slump
Data and information on the Portland remodeling market